News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.57% Gold: -0.85% Silver: -1.92% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/sqkI5pXajb
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.31% 🇨🇦CAD: 0.28% 🇬🇧GBP: 0.18% 🇯🇵JPY: 0.10% 🇨🇭CHF: 0.10% 🇦🇺AUD: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JtkOOLrtBz
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-30
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.20% FTSE 100: 0.11% France 40: -0.39% US 500: -0.45% Wall Street: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Z8IqQDxEvC
  • Dividend investing is the practice of investing in dividend-paying stocks. Why should you invest in dividend stocks? Find out: https://t.co/v8jRlj0OvP https://t.co/84CzBgWQLg
  • Heads Up:💶 ECB President Lagarde Speech due at 10:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-30
  • 🇮🇹 Inflation Rate YoY Prel (NOV) Actual: -0.2% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-11-30
  • Heads Up:🇮🇹 Inflation Rate YoY Prel (NOV) due at 10:00 GMT (15min) Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-11-30
  • 🇬🇧 Mortgage Lending (OCT) Actual: £4.3B Expected: £4.455B Previous: £4.8B https://www.dailyfx.com/economic-calendar#2020-11-30
  • 🇬🇧 Mortgage Approvals (OCT) Actual: 97.5K Expected: 84.486K Previous: 91.5K https://www.dailyfx.com/economic-calendar#2020-11-30
Guest Commentary: USDCAD 300-pip Shocker! Squeezing Even More Pips from a Maple Leaf!

Guest Commentary: USDCAD 300-pip Shocker! Squeezing Even More Pips from a Maple Leaf!

2012-09-24 10:45:00
Ed Matts, MarketVisionTV.com,
Share:

* USDCAD provided 180 of the 200-pip ‘Shocker’ forecast last week…It now needs to prepare itself for the next sharp rally.

Guest_Commentary_USDCAD_300-pip_Shocker_Squeezing_Even_More_Pips_from_a_Maple_Leaf_body_CAD2109.png, Guest Commentary: USDCAD 300-pip Shocker! Squeezing Even More Pips from a Maple Leaf!

Dollar Canada has recovered well enough from believe the 9675 potentially corrective target area to encourage our view of at least a period of 96-1.00 consolidation highlighted in the Daily Perspective and following the so called Maple Leaf Analogy.

Indeed the rally to 9815 just short of the 23.6% retracement just about appears constructive and matches the 180 pip rally of last March. It therefore represent the first leg in a larger albeit possibly corrective rally to 99.40 the 38.2% retracement target. The A leg. It has now started the typically deep retracement/correction lower.

So although the 50% retrace of 9725 should be enough at first as 98.00-15 caps in the short term we can expect a dip just below 97 the 61.8%. Indeed a backwards target, the level needed to provide an eventual c=1.618a to 9940 suggests it could go as low as 960.

Either way we will rebuy weakness below 97 against the 9635 low for a break through 9815 to confirm and accelerate at least short term strength.

Loss of 96.35? extends to 95.70 daily trend support.

Further videos or commentaries are available from www.marketvisiontv.com or @EdMatts on Twitter.

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to research@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES